Bill Summary for H 274 (2017-2018)

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Bill: INCREASE PENALTIES FOR DEBT ADJUSTING.

Summary date: 

Mar 7 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 274 (Public) Filed Tuesday, March 7, 2017
AN ACT TO FURTHER PROTECT CONSUMERS BY INCREASING THE PENALTIES FOR DEBT ADJUSTING.
Intro. by Stevens.

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Bill summary

Amends GS 14­424. Changes the crime of debt adjusting from a Class 2 misdemeanor to a Class 1 misdemeanor, and establishes a Class H felony for the crime of debt adjusting if the business or practice involves an aggregate payment of money or property by one or more debtors valued at $5,000 or more, or the business or practice involves five or more debtors.

Effective December 1, 2017, and applies to offenses committed on or after that date.